These will include properties under the company's Mondrian, SLS
and HYDE brands. The new projects are in partnership
with Mexico-based developer Be Grand, which is led by
CEO Nicolas Carrancedo, and will also include over
25 restaurant and lounge concepts with brands including Carna,
Katsuya, Fi'lia, Cleo, S Bar and Doheny Room.

The project will bring the first-ever Mondrian Hotel
& Residences to Mexico City. Set to open in 2021,
the Mondrian Polanco Hotel & Residences will have 144
rooms, including 15 suites and 126 branded residences. The
project will also feature Katsuya, as well as another sbe culinary
concept, and a soon-to-be-announced signature sbe mixology
concept.

The Mondrian Del Valle, is set to debut in 2022.
That Colonnier y Asociados designed tower will include 248
branded residences, and it will be set in Polanco, Mexico City.
Other amenities will include a signature sbe spa, a fitness
centre, rooftop garden ballroom and a pool deck with an 82-foot
infinity pool.

New hotels under the SLS and HYDE brands were also planned,
although the company did not announce any further details at this
time.